Dora, an Accountant, Uses Undue Influence to Induce Her Client

question 54

Multiple Choice

Dora, an accountant, uses undue influence to induce her client Emily to invest in Fine Gems, Ltd., a business with little potential. When Emily learns the truth, she can

• A) do nothing.
• B) enforce the contract but not rescind it.
• C) enforce the contract or rescind it.
• D) rescind the contract but not enforce it.

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Definitions:

SRS

Simple random sampling, a basic probabilistic method ensuring each member of a population has an equal chance of being included in the sample.

Statistically Significant

Refers to a result that is unlikely to have occurred by chance alone, according to a predefined significance level, often indicating a strong evidence against the null hypothesis.

Hypotheses

Plural of hypothesis; propositions or assumptions made for the sake of argument that are tested through research or experimentation to be proven or disproven.

Z Statistic

The Z statistic is a measure used in statistics to describe the distance in standard deviations a data point is from the mean of a data set.